Clarifications
A statement in the Facts ‘n’ Figures column of our Feb. 7-13 issue indicated that development by Lyon Lake Mines of its Cerro Crucitas deposit in Costa Rica is on hold.This information appeared in a r…
News
Hedge books present problems for few gold miners
Despite the public difficulties faced by gold producers Ashanti Goldfields (ASL-N) and Cambior (CBJ-T), a recent analysis of gold producers’ hedge positions shows that most are not facing large losses…
Russian firm blocks Dukat
Another volley has been fired in the battle for the Dukat silver mine in the Magadan region of northeastern Russia: Russian-based Kaskol Group has cancelled a property lease agreement signed by the op…
Clow CIM lunch guest
Graham Clow, president of Manhattan Minerals, will speak at the next meeting of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Petroleum, to be held at noon on Feb. 17 at the O…
Canada, China ink trade deal
An agreement signed by Canada and China will allow for the exchange of mining knowledge and goods between the countries, says Natural Resources minister Ralph Goodale.The deal was signed by Goodale an…
The Northern Miner — North American Mining Index (February 14, 2000)
86.05 (-1.85)(Sept. 30/98 = 100)…
Berland, Fort Knox target base metals
Juniors Berland Resources (BNL-V) and Fort Knox Gold Resources (FNX-T) will jointly explore for base metals in northern Manitoba and Saskatchewan.The partners can earn 100% interests in the Watts Rive…
The Northern Miner — Small Producers Index (February 14, 2000)
62.48 (+2.69)(Sept. 30/98 = 100)…
PEOPLE (February 14, 2000)
Masuparia — Michael Magrum appointed director and vp.Tahera — Howard Miller appointed president and CEO.SouthernEra — Steven Banning appointed president and CEO.Gammon Lake…
Cambior rebuffs Aur offer
The directors of Cambior (CBJ-T) are advising shareholders to reject Aur Resources’ (AUR-T) hostile takeover offer, at least for the moment.Aur is offering one share for every 1.1 Cambior share (T.N.M…
Bolivar Goldfields places Tomi mine on auction block
Bolivar Goldfields (BVG-T) is selling its Tomi gold mine in Venezuela in preparation for jumping on to the e-commerce bandwagon.The Toronto-based company has retained Endeavor Financial Corp. to assis…
Miners show mixed results despite price rally
In a decidedly mixed week for resource stocks, the Toronto Stock Exchange gold and precious metals sub-group climbed 234.09 points during the Feb. 2-8 report period, while the metals and minerals sub-…